Energy Update
ATHENS, May 27 (Reuters) - Russian President Vladimir Putin
said on Friday Moscow had no choice but to retaliate over the
U.S. missile shield in Europe, and warned that both Romania and
Poland could find themselves in Russia's sights.
May 27 (Reuters) - U.S. natural gas speculators switched
their positions to net short after being net long since the
start of April, betting prices will have to remain low to
encourage generators to burn more of the fuel left in
inventories after a warm winter.
May 27 (Reuters) - U.S. natural gas speculators switched
their positions to net short after being net long since the
start of April, betting prices will have to remain low to
encourage generators to burn more of the fuel left in
inventories after a warm winter.
(New throughout, adds production data)
By Scott DiSavino
May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth
week in the last 10, energy services company Baker Hughes Inc
said on Friday, even as crude prices this week tested a
seven-month high at $50 a barrel.
Prices were on track to recover for seven out of the last
eight weeks, and are now at the high end of a level that
Nadia Rodova looks at Russia's oil sector which has shown a surprising resilience to low oil prices and western sanctions over the past two years.
PARIS, May 27 (Reuters) - French riot police forcibly
removed striking workers blocking a large fuel distribution
depot on Friday as President Francois Hollande warned
anti-reform protesters he would not let them strangle the
economy.
By Scott DiSavino
May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth
week in the last 10, energy services company Baker Hughes Inc
said on Friday, despite crude prices this week testing a
seven-month high at $50 a barrel.
That is a key level that analysts and producers said would
trigger a return to the well pad.
Drillers cut 2 oil rigs in the week to May 27, bringing the
ZAGREB, May 27 (Reuters) - The Croatian government on Friday
rejected an opposition motion calling for a no-confidence vote
against the deputy prime minister over an alleged conflict of
interest, in a decision that laid bare deep divisions between
the coalition parties.
WASHINGTON, May 27 (Reuters) - The U.S. Transportation
Department said Friday that American drivers logged a record
number of miles in the first three months of the year, as travel
rose 4.2 percent to 746 billion miles.
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